A code of conduct designed to make workplace pension charging more fair and transparent is being developed by a working party, lead by the National Association of Pension Funds (NAPF).
The group wants all defined contribution (DC) scheme charges to be clearly and accurately stated in writing before an employer picks a pension scheme. It said the code would help bosses, and their advisers, choose the best pension for them ahead of auto-enrolment. A public consultation on the issue was launched by the group today. The NAPF said there are currently big gaps in regulation and practice which make it difficult for employers to compare charges between pension schemes and to assess value for money. Chief executive Joanne Segars said: "We need to boost faith in pensions,...
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